Interplay Entertainment (Interplay Entertainment) ROC (Joel Greenblatt) % : -4,475.00% (As of Mar. 2011)

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What is Interplay Entertainment ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Interplay Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2011 was -4,475.00%.

The historical rank and industry rank for Interplay Entertainment's ROC (Joel Greenblatt) % or its related term are showing as below:

IPLY's ROC (Joel Greenblatt) % is not ranked ^*
in the Software industry.
Industry Median: 14.325
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Interplay Entertainment's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.

Interplay Entertainment ROC (Joel Greenblatt) % Historical Data

The historical data trend for Interplay Entertainment's ROC (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Interplay Entertainment ROC (Joel Greenblatt) % Chart

Interplay Entertainment Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

ROC (Joel Greenblatt) %

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-25,380.00

74,250.00

-1,607.02

-3,184.27

-2,509.33

Interplay Entertainment Quarterly Data
	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															-2,845.57	-2,903.70	-2,019.51	-1,884.93	-4,475.00

Competitive Comparison of Interplay Entertainment's ROC (Joel Greenblatt) %

For the Software - Application subindustry, Interplay Entertainment's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Interplay Entertainment's ROC (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, Interplay Entertainment's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Interplay Entertainment's ROC (Joel Greenblatt) % falls into.

Interplay Entertainment ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %

EBIT

Average of (Net fixed Assets

Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

	Working Capital		(Q: Dec. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.199	+	0.01	+	0.024)	-	(2.354	+	0.541	+	0)
=	-2.662

	Working Capital		(Q: Mar. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.132	+	0.011	+	0.024)	-	(2.667	+	0.54	+	0)
=	-3.04

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Interplay Entertainment for the quarter that ended in Mar. 2011 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2011 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2010		Q: Mar. 2011
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.432	/	( ( (0.034 + max(-2.662, 0))	+	(0.03 + max(-3.04, 0)) )	/	2 )
=	-1.432	/	( ( 0.034	+	0.03 )	/	2 )
=	-1.432	/	0.032
=	-4,475.00 %

Note: The EBIT data used here is four times the quarterly (Mar. 2011) EBIT data.

Interplay Entertainment (OTCPK:IPLY) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.

Interplay Entertainment ROC (Joel Greenblatt) % Related Terms

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